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CMG
Mid-Day report Aug 25 2021Mid-Day report Aug 25, 2021
Market waiting on Powell and Gang. 10:am est. Friday
MID Day Market Update Aug 24,2021Mid day market update for August 24, 2021 ...Market waiting on Powell and FED Gang news ...
Mid-Day Report August 23,2021Mid-Day Report August 23,2021
The Movers
SPX,NDX, RUT,GOOGL, AMZN, ISRG, CMG, AAPL, BTC, MSTR, TSLA
$CMG PT $1,450$CMG I believe we can see low prices towards the end of the year. A COVID free holiday season approaching who's going to be eating Chipotle instead of turkey? :) GLTA!
CMG Trading SidewaysCMG is currently very extended and has bounced between 1320 and 1565 in 2021. With the two major pullbacks in CMG occurring when the stock had an RSI of above 60, it seems very likely that the company is due for another pullback now that the RSI has surpassed 70.
On the other hand, the stock does like to be volatile and can fake people out like on March 5th when it looked like the stock was going to break downward, however, the stock ended up returning back to the channel. I would not be surprised if CMG did it again and psyched people out by destroying shorts and then finally plummeting back to the 1320 range.
CMG another breakoutI spoke about this trade a few weeks ago regarding the 1300 level and how much the consolidation is lining up for a good trade. Well look at this reaction. Get your burritos!
CMG new buying opp1300 was the original buy for this stock and we have another opportunity to make another round of buying. still at this level with a slight pull back. www.investoratlas.org
CMG TightCMG is getting super tight. I feel like i am constantly using that work "tight", but thats what I am always looking for in up trends. After a consolidation a move will happen. If its in the direction I have anticipated, I will make a measurement to see if it fits my risk profile. If the risk fits I will take a position. I do not have a 50% batting average. Most traders dont. So I always anticipate that my stop will be hit. No matter what, if my stop is hit, I am out.
CMGCMG EARNINGS ARE ON WEDNESDAY AFTER CLOSE. THERE IS A 94 POINT MOVE PRICED IN.
I WOULD GO LONG OVER 1360.
LOTTO TRADE IDEA: 1400C BID/ASK: 23.10/24.00
CMG bullish entryWhat a week. This is a nice one to jump into. Higher price but this thing can move.
CMG signaled near it's high......but it's a little pricey. Not for everyone. Target price is $1,350.35
technicals are looking decent here imo. Let's see what happens here.
I do love this ticker
NYSE:CMG
CMG: A beautiful short setupCMG has achieved upside targets and should be ready to correct lower. Initial target is the 61.8% retracement.
Short CMG? - MaybeSo, here we see CMG Weekly. Big wide range over 7+ years.
What's most interesting to me is we are certainly at the top of that range.
Add to this that we are almost exactly 2x the width of the C19 fall.
Oh, and don't get me started on EPS and Price/Sales metrics, not that those matter, ever.
But just overall, C19 is still a thing, different states are different stages.
Does one REALLY think the growth will be able to keep up to sustain this valuation?
Yes, I'm looking to begin a short position this week. My guess is we fall back to ~1150 over the next 60 days.
Good luck everyone.
1H CMG LongChipotle has broken out of a bull flag and is now retesting. I'd like to ladder some longs starting at $1130 all the way down to $1118. Stop loss just a bit under recent low around $1099. Price target $1200
